Review of Peercoin Cryptocurrency: History of Creation and Predictions

The volume of the cryptocurrency market has already reached phenomenal sizes in terms of capital investment and the number of projects on the blockchain technology, which have their own digital coins. A new ICO project is launched almost every day. However, only startups with a unique concept are worthy of attention, capable of offering the world the tools aimed at solving both global and local problems.

Peercoin stands out against the background of existing cryptocurrencies due to the innovative protection method Proof of Stake.

Contents:

  1. What is Peercoin?
  2. History of Creation
  3. Technological Features of Peercoin
  4. Peercoin (PPC)/USD Rate
  5. Peercoin (PPC)/BTC Rate
  6. How to Mine Peercoin?
  7. Forecasts and Expert Opinion for 2018

1. What is Peercoin?

Peercoin is a decentralized platform on blockchain, intended for the transfer of digital assets, which operates on a hybrid organization.

2. History of Creation

The system was developed in 2012 by the IT specialists Scott Nadali and Sunny King. Due to its operating on Bitcoin code, Peercoin is often compared with the world’s #1 cryptocurrency. Besides that, the cryptocurrency still has a number of features that Bitcoin does not have, which makes them different.

3. Technical Features of Peercoin

SHA-256 encryption algorithm is integrated into Peercoin, and the system is protected by the method of Proof of Stake. Issuance of tokens has no limitations. As a means of payment for services, PPC tokens are used inside the platform, the cost of them is $1.38 per coin.

The advantages of Peercoin cryptocurrency are:

  • Proof of Stake protection method;
  • the consumption of a small amount of electricity during mining;
  • security of network users.

As you have already understood, the listed advantages were unique at the time of the platform launch, today they do not surprise anyone. Also Peercoin has disadvantages that will significantly worsen the system and slow the growth in demand on the market.

The disadvantages include:

  • inadequate demand among the participants of cryptocurrency market;
  • unstable price;
  • absence of anonymity.

4. Peercoin (PPC)/USD Rate

Peercoin/dollar rate today (06.06.18) is $1.94, while at the time of the platform launch, the starting price was $0.38 for one digital coin.

5. Peercoin (PPC)/BTC Rate

Today, the cost of one PPC coin in tokens is 0.00025561 BTC. At the moment, experts do not give any predictions of the growth of Peercoin cryptocurrency.

6. How to Mine Peercoin?

The extraction of Peercoin does not have any peculiarities that complicate the process of its mining. In order to get PPC tokens, it’s enough to have a wallet on the official website and select the necessary pool for mining. The interface of the site is intuitive, so it’s very easy to understand how to obtain this cryptocurrency.

7. Forecasts and Expert Opinion for 2018

Peercoin cryptocurrency can not be called a young participant of the cryptocurrency market, because it has nothing unique and can not surprise considering modern realities and technologies. Experts note that there have not been recorded drastic price jumps in the graphs of Peercoin for a long time and most likely they are not going to happen. It is also worth noting that the cryptocurrency will leave the market forever, unless somebody can modify its functionality.

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